The Legislature's Select Committee on Investigation has now taken testimony for two full days. We've learned nothing that could possibly result in legislation. But during those 12 hours of provocation, innuendo and thinly veiled partisan attacks, the Port Authority of New York and New Jersey spent $12 million.

That's right: the Port Authority burns through nearly $1 million per hour — $22 million every day — with no controls, transparency or accountability. And we've taken not a single legislative action to turn off the spigot since the infamous events at the George Washington Bridge.

Every decision the Port Authority makes is still guided by the same rules and influenced by the same culture of arrogance that brought us Bridgegate. The agency brazenly maintains a $172 million slush fund. It engages in antics like paying $500,000 to an architect who was never hired, but was a longtime crony of one of the decision makers.

The (supposedly) bipartisan Select Committee on Investigation was specifically charged with the responsibility of reform when it was created in January. But in the ensuing months, we have allowed the Port Authority to lavish another $2.5 billion on office parks, garbage incineration and other projects that have nothing to do with ports or even transportation. Our inaction makes us enablers, not reformers.

Numerous legislators on both sides of the aisle — and both sides of the Hudson — have called for reform. Govs. Chris Christie and Andrew Cuomo have convened a special panel to overhaul the Port Authority. U.S. Sen. Chuck Schumer, D-N.Y., wants to take up the issue in Washington. Even the Port Authority itself has begun soliciting reform ideas from the public. The only laggards are the Democrats with the power to post and expedite at least 16 bills that have been introduced but totally ignored. Among these legislative no-brainers are bills that would:

• End the Port Authority's operational secrecy by publishing detailed information about contracting, debt, personnel, regulatory and other activities on its website.

• Criminalize the act of using one's official position to hurt commuters.

• Strengthen protection for Port Authority whistleblowers.

• Insulate decision makers from political interference by requiring both governors to sign off on all high-level employees.

• Require the Port Authority to conform with its mission and stop competing with private-sector interests.

Over and over, I have tried to convince the Select Committee on Investigation to add Port Authority reform to our agenda. Each time, I have been rebuffed or accused of "showboating." SCI Co-Chairman John Wisniewski insists that we can't reform a dysfunctional, parasitic agency before the committee completes its investigation. That position — no culprits, no reform — is simply illogical: It's like saying that if I pass a stabbing victim on the street, I should wait to stanch the bleeding until the police catch the attacker.

At the Port Authority, the bleeding — of taxpayer funds and confidence — is already profuse. I call on my colleagues to break the logjam, begin constructive debate and put a stop to this billion-dollar, ever-worsening hemorrhage.